Description

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record US$43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

Climate change is one of the greatest development challenges of our time. Left unchecked, it could push over 130 million people into extreme poverty over the next ten years. Further, the people who contribute the least to climate change could suffer the most from its effects.  On the other hand, climate is also a major economic opportunity that can promote growth, create jobs, and accelerate the transition to low-carbon development. Our research shows that climate business can generate $23 trillion in investment opportunities, create 213 million cumulative jobs, and achieve 4 billion tons of CO2 reduction in developing countries.

Helping our clients tap into these opportunities and working with a host of partners to catalyze finance for climate action, is at the core of IFC’s business. In fiscal year 2023, IFC delivered 46% in own-account climate finance and mobilized an additional $6.8 billion.  The World Bank Climate Change Action Plan (2021 – 2025) outlines the institution’s collective response to align financial flows with the goals of the Paris Agreement (referred to as “Paris Alignment” or “PA”). Under the Action Plan, IFC has committed to align 85% of new operations with the goals of Paris Agreement by July 1, 2023, and 100% of these by July 1, 2025 and to achieve at least of 35% of its investments in climate positive activities.

IFC’s Infrastructure Group (including the Infrastructure and Energy Departments) is one of the three Industry Groups within IFC, with an existing investment portfolio of about US$10 billion under management.    It provides investment and advisory services for private sector and municipal clients across energy, mining, transport, utilities, and telecom/media/technology sectors, and further mobilizes private sector capital from institutional investors and other financial institutions.  IFC Infrastructure is committed to aligning its operation with IFC’s Paris Alignment commitments and has an ambitious target to further scale up its climate business over the coming years, including through sustainable finance which is a key tool for IFC to meet its climate finance targets.

It is in this context that IFC Infrastructure is seeking to recruit an Extended Term Consultant to be based in Washington DC and is expected to work across multiple time zones. The Consultant will report to the IFC Infrastructure Global Climate Lead and will be a member of the Innovation & Strategic Initiatives Unit in the Global Infrastructure Department.

Duties and Accountabilities

The roles and responsibilities of the position will include but not be limited to:
Under the supervision of the Infra Global Climate Lead,

•  Support the review and monitoring the development of the Paris Alignment framework related to Infra sectors and its implementation across Infra sub-sectors. Provide technical input where relevant, in close collaboration with Global Sector teams and the Climate Business Department;
•  Contribute to providing technical advice on Paris Alignment and Climate Finance-related issues to investment, upstream, and advisory project teams within IFC Infrastructure,, in close collaboration with Global Sector teams and the Climate Business Department
•  Assist project teams in providing clients with climate advice and training for business development purposes
•  Contribute to promoting IFC Infra’s climate business (Renewable Energy, Electric Vehicles, Electric Equipment, Water Treatment and Savings, Energy Efficiency/Green Buildings, etc.) through trainings, external communications, and other relevant channels.
•  Prepare reports, presentation materials, briefings and other deliverables as required, in coordination with relevant colleagues within IFC Infrastructure and with other functions.

Selection Criteria

•  Master’s degree in Engineering, Business, Finance, Operation Management or a degree related to the design or delivery of infrastructure projects and/or decarbonization and adaptation.
•  3-6 years relevant post graduate experience related to engineering, climate and/or the infrastructure sectors (Energy, Mining, Transport, Utilities, Telecom, Media & Technology), in roles such as a climate specialist, technical specialist, operational specialist, or financial/business analyst.
•  Experience in the detailed assessment of climate change mitigation and adaptation aspects of investment projects preferred.
•  Strong analytical skills.
•  Ability to manage and produce quality reports and presentations.
•  Strong communication skills in both oral and written English.
•  Willingness and ability to travel.
•  Proactive and self-motivated, with the ability to work well with minimal supervision.
•  Strong drive to deliver on time and on quality; desire for professional growth.
•  Collaborative work style and a team player.
•  Understanding of IFC operations and its investment project cycles as well as its Paris Alignment and Climate Finance approaches is a plus.
•  Additional language skills are a plus. 

World Bank Group Core Competencies

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